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May 30 - 11:55 PM

AUD/USD - Muted Reaction To Improved China PMI

By John Noonan  —  May 30 - 09:45 PM
  • AUD/USD little changed around 0.7170/75 following improved May China PMI nAZN05QIGF

  • AUD/USD fell as low as 0.7163 before the data as USD broadly moved higher

  • Rise in US yields and month-end USD buying flows weighed on AUD/USD

  • Australia released a swath of data at the same time as China PMI

  • Aus current account lower than expected nAZN05QKJF

  • Exports impact to Aus GDP slightly worse than expected nAZN05QKJE

  • Aus compoany profits and business inventories higher than expected nAZN05QK8B

  • AUD/USD support is at yesterday's low at 09.7149 and 10-day MA at 0.7100

  • For more click on FXBUZ










aud/usd Click here

Source:
Refinitiv IFR Research/Market Commentary

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